XIU.TO vs. XSP.TO
Compare and contrast key facts about iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO).
XIU.TO and XSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIU.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 28, 1999. XSP.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on May 24, 2001. Both XIU.TO and XSP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIU.TO or XSP.TO.
Correlation
The correlation between XIU.TO and XSP.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XIU.TO vs. XSP.TO - Performance Comparison
Key characteristics
XIU.TO:
1.99
XSP.TO:
1.88
XIU.TO:
2.75
XSP.TO:
2.55
XIU.TO:
1.37
XSP.TO:
1.35
XIU.TO:
4.10
XSP.TO:
2.81
XIU.TO:
14.25
XSP.TO:
12.51
XIU.TO:
1.41%
XSP.TO:
1.85%
XIU.TO:
10.12%
XSP.TO:
12.33%
XIU.TO:
-52.31%
XSP.TO:
-57.82%
XIU.TO:
-4.74%
XSP.TO:
-3.76%
Returns By Period
In the year-to-date period, XIU.TO achieves a 19.22% return, which is significantly lower than XSP.TO's 23.17% return. Over the past 10 years, XIU.TO has underperformed XSP.TO with an annualized return of 8.90%, while XSP.TO has yielded a comparatively higher 11.47% annualized return.
XIU.TO
19.22%
-2.00%
15.41%
21.50%
10.96%
8.90%
XSP.TO
23.17%
-0.84%
7.07%
24.96%
12.85%
11.47%
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XIU.TO vs. XSP.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than XSP.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XIU.TO vs. XSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XIU.TO vs. XSP.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.96%, more than XSP.TO's 1.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.96% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% | 2.65% | 2.68% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.01% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% | 1.54% | 1.46% |
Drawdowns
XIU.TO vs. XSP.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.31%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XSP.TO. For additional features, visit the drawdowns tool.
Volatility
XIU.TO vs. XSP.TO - Volatility Comparison
The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.27%, while iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) has a volatility of 4.70%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.